Regulation & License

REGULATION & LICENSE

SVGFSA

MICFX is an international broker authorized and regulated by the Financial Services Authority St. Vincent and the Grenadines (the “SVGFSA”). Trade with a peace of a mind knowing MICFX is monitored by one of the strictest financial regulated body in the world.

Multi Investment Company Ltd (“MICFX”), is a St. Vincent based broker authorized and regulated by the Financial Services Authority St. Vincent and the Grenadines (the “SVGFSA”) in Saint Vincent (SVGFSA : 255916 BC 2020).

SVGFSA has in place capital adequacy requirements and requires license holders to have in place internal risk management and staff training procedures. External audits supplement MICFX’s operational and accounting processes and ensure regulatory compliance.

FINTRAC

MICFX is pleased to announce the FINTRAC application is under processing. This is an important milestone on the continuing growth and success of MICFX. Accreditation shows our commitment to providing the highest levels of trading experience and quality to our consumers.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) is Canada’s financial intelligence unit. Its mandate is to facilitate the detection, prevention and deterrence of money laundering and the financing of terrorist activities, while ensuring the protection of personal information under its control.As Canada’s financial intelligence unit and anti-money laundering and anti-terrorist financing regulator, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), or ‘the Centre’, helps to combat money laundering, terrorist activity financing and threats to the security of Canada, while ensuring the protection of personal information under its control.

FINTRAC fulfills its mandate by engaging in the following activities:
● Receiving financial transaction reports and voluntary information in accordance with the PCMLTFA and Regulations;
● Safeguarding personal information under its control;
● Ensuring compliance of reporting entities with the PCMLTFA and Regulations;
● Maintaining a registry of money services businesses in Canada;
● Producing financial intelligence relevant to investigations of money laundering, terrorist activity financing and threats to the security of Canada;
● Researching and analyzing data from a variety of information sources that shed light on trends and patterns in money laundering and terrorist activity financing; and
● Enhancing public awareness and understanding of money laundering and terrorist activity financing.

In addition, FINTRAC is part of the Egmont Group, an international network of financial intelligence units that collaborate and exchange information to combat money laundering and terrorist activity financing.

Multi Investment Company Ltd (MICFX) is authorized and regulated by the Financial Services Authority St. Vincent and the Grenadines (SVGFSA) and Financial Transactions and Reports Analysis Centre (FINTRAC).

Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.

High Risk Trading Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.


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